Asking Price: $265,000 Gross Revenue: Not DisclosedCash Flow: $83,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This is a rare opportunity to purchase an established, successful and growing company in a highly trafficked tourist beach town. The shop is in a very well placed store front, with the highest foot traffic around. The shops surrounding this store are long established and "must visit" destinations. The shop is also right on the bay which is home to many water activities. The building is designed and set up with great window exposure for passing foot traffic, which captures many.
This business is showing remarkable customer loyalty and interest from everywhere and is still experiencing exponential growth because of this. The profit margins are very strong.
This is an ideal opportunity to have a rewarding business with many benefits in a very desirable setting. People from all over the world travel here year round to enjoy this unique environment.
Morro Bay has over 1 million visitors every year with 90% passing in front of this waterfront Embarcadero business. The city is also very aggressive with marketing the waterfront district as a destination for all. The traffic count in the store is in excess of 1,400 adults daily during our long tourist season.
The greatest benefit of having a fun business here is living in this beach community. It is small, with all the amenities you need and also able to walk to your waterfront shop.
Ready to start your adventure?
About the Business
Number of Employees:
Building Sq. Ft.:
2200 Sq Ft Showroom floor plus storage room located on the waterfront in Morro Bay Fully stocked shop.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.